(149746) 12-Unit Property with Boundless Investment Benefits, Lorain, OH

Collect $7,625/month OR MORE on this 12 units Apartment Complex In Lorain, OH

*****Great Investment Property*****
•        Are you looking for real passive income?
•        Are you looking to multiply your returns in real estate?
•        Tired of competing over single family units?
Now you can own 12 income-producing units through one property purchase!
PRICED TO MOVE QUICKLY: $375,000

This multifamily property offers multiple money-generating strategies:
All 12 units has great full view of the Lake, Great Investment Opportunity!
 85% Occupancy
 Cap Rate on Actuals: 11%
 Roof and Windows are installed few years ago
 Value play: Add coin laundry machines for additional income. Separate laundry room available
 28 min drive to Cleveland Hopkins International Airport
 26 min drive to Cleveland State University
 $45,335 Actual NOI
 Value play: Rent Increase!
 Major Employers: Mercy Health, Republic Steel, Camaco Inc, Lorain Tubular, Emerson Network Power and many more..
 Individually metered – residents pay for electricity
 No Seller Financing
 Purchase Price $375,000

(149746) 12-Unit Property with Boundless Investment Benefits, Lorain, OH Sold

Property Location